Main Points:
- Record Mining Output: Riot Platforms mined 533 BTC in March 2025, a 13% increase month‑over‑month (MoM) and 25% year‑over‑year (YoY), marking the highest monthly total since the May 2024 halving.
- Scalable Infrastructure: The Corsicana, Texas facility boasts 1.0 GW of power capacity (400 MW live), with potential to add 600 MW for AI and high‑performance computing (HPC) workloads.
- Hashrate and Efficiency Gains: Network hashrate rose to 30.3 EH/s (+3% MoM, +254% YoY) while mining efficiency improved to 21.0 J/TH (+22% YoY).
- Diversification into AI/HPC: Riot is repurposing idle ASIC capacity for AI training and HPC services, tapping a growing market demand.
- Financial Performance: Despite operational successes, Riot’s share price fell 5.5% on April 4, extending a 35% year‑to‑date decline amid broader market pressures.
Introduction
Riot Platforms, one of the largest publicly traded Bitcoin miners, reported a landmark achievement in March 2025: mining 533 BTC, its highest monthly output since the Bitcoin halving in May 2024. This performance underscores Riot’s strategic investments in scalable infrastructure and operational efficiency. Beyond cryptocurrency mining, Riot is charting new territory by allocating surplus compute capacity toward artificial intelligence (AI) and high‑performance computing (HPC) workloads—an initiative designed to diversify revenue streams and maximize data‑center utilization.
Record Mining Output
In March 2025, Riot Platforms produced 533 BTC, representing a 13% increase from February and a 25% increase compared to March 2024. This output boosted Riot’s corporate Bitcoin treasury to 19,223 BTC, reinforcing its position among the top holders in the sector.
- MoM Growth: +13%
- YoY Growth: +25%
Riot credits this achievement to continuous hardware upgrades and optimized operational practices that enhance uptime and reduce energy waste.
Infrastructure and Expansion Potential
Corsicana Facility Overview
Located in Corsicana, Texas, Riot’s flagship mining site currently operates at 400 MW of power, with grid capacity and site layout capable of supporting up to 1.0 GW. Industry consultant Altman Solon highlights three core advantages:
- Stable Power Supply: Direct access to low‑cost, reliable electricity at $0.038 per kWh.
- Large Footprint: A 265‑acre site offering ample room for future expansion.
- Strategic Location: Proximity to Dallas, a major AI and cloud computing hub, facilitating partnerships.
AI/HPC Expansion Plans
Recognizing the burgeoning demand for compute beyond mining, Riot has announced plans to develop up to 600 MW of additional capacity dedicated to AI training clusters and HPC applications. This pivot aims to monetize idle ASIC hardware during off‑peak mining periods, offering clients cost‑effective, high‑density compute resources.
Hashrate and Efficiency Improvements
Riot’s network hashrate climbed to 30.3 EH/s in March, up 3% from February and an impressive 254% YoY. Efficiency metrics also improved, with energy consumption per terahash falling to 21.0 J/TH, a 22% improvement over the previous year. These gains stem from deploying next‑generation ASICs and refining cooling and power distribution systems.
- Network Hashrate: 30.3 EH/s (+3% MoM, +254% YoY)
- Energy Efficiency: 21.0 J/TH (+22% YoY)
- Power Cost: $0.038/kWh
Diversification into AI and HPC
Market Demand for Compute
Enterprises across industries—from automotive to pharmaceuticals—are racing to harness AI and machine learning. Riot’s excess ASIC capacity, originally designed for SHA‑256 mining, can be reconfigured for parallel processing tasks typical in AI workloads. By offering HPC services, Riot positions itself at the intersection of two high‑growth markets: crypto mining and AI compute.
Strategic Partnerships
Riot is exploring partnerships with cloud providers and AI firms to deploy dedicated mining racks for model training. These collaborations aim to secure long‑term service contracts and stabilize revenue, reducing dependence on volatile Bitcoin prices.
Financial Market Reaction
Despite operational milestones, Riot’s stock price declined 5.5% on April 4, reflecting broader tech sector headwinds and concerns about rising interest rates. Year‑to‑date, the share price is down 35%. Analysts note that while market sentiment remains cautious, Riot’s fundamental improvements—lower power costs, higher hashrate, and AI diversification—support a bullish long‑term outlook.
Riot Platforms’ record mining performance post‑halving and strategic move into AI/HPC underscore its adaptability in a competitive landscape. With significant expansion capacity at Corsicana and continued efficiency gains, Riot is well‑positioned to capitalize on both Bitcoin’s cyclical upswing and the accelerating demand for compute. Investors and industry observers should watch Riot’s execution of AI partnerships and maintenance of low operational costs—key drivers of sustainable value beyond pure mining yields.
